Finland's currency supply system

Abstract

At the beginning of 2004, Finland's currency supply system was overhauled with the aim of creating a more efficient system with less overlap, a clearer division of labour and lower overall costs. Central bank opening hours for the reception of cash were extended and regional cash depots were established in selected areas on a trial basis.As a result, the Bank of Finland will now concentrate more clearly on wholesale activities in its currency supply and reduce the provision of individualised services for the banks and other private customers.In recent decades, Finnish banks have taken similar steps to outsource their currency supply operations to private specialists.